Sumitomo Mitsui Asset Management Company LTD grew its holdings in Morgan Stanley (NYSE:MS) by 2.6% during the third quarter, HoldingsChannel reports. The firm owned 123,742 shares of the financial services provider’s stock after acquiring an additional 3,109 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Morgan Stanley were worth $5,762,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of MS. CSat Investment Advisory L.P. acquired a new position in shares of Morgan Stanley during the second quarter valued at $102,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Morgan Stanley during the first quarter valued at $109,000. First Mercantile Trust Co. acquired a new position in shares of Morgan Stanley during the second quarter valued at $112,000. Rainier Group Investment Advisory LLC acquired a new position in shares of Morgan Stanley during the first quarter valued at $119,000. Finally, Landaas & Co. WI ADV acquired a new position in shares of Morgan Stanley during the second quarter valued at $119,000. 84.44% of the stock is currently owned by institutional investors.

In other Morgan Stanley news, major shareholder Stanley Morgan sold 327 shares of the stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $23,000.00, for a total value of $7,521,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Several equities analysts have recently issued reports on the company. Cfra reaffirmed a “buy” rating and set a $65.00 price target on shares of Morgan Stanley in a research note on Thursday, June 21st. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. Vining Sparks reaffirmed a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a research note on Tuesday. Sandler O’Neill reaffirmed a “hold” rating and set a $51.00 price target on shares of Morgan Stanley in a research note on Friday, July 13th. Finally, ValuEngine lowered Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $59.00.

NYSE MS opened at $47.19 on Thursday. The stock has a market capitalization of $81.25 billion, a P/E ratio of 13.11, a P/E/G ratio of 0.83 and a beta of 1.42. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 2.67. Morgan Stanley has a 12 month low of $42.88 and a 12 month high of $59.38.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. The business had revenue of $9.87 billion during the quarter, compared to the consensus estimate of $9.55 billion. Morgan Stanley had a return on equity of 12.04% and a net margin of 15.84%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. On average, equities research analysts predict that Morgan Stanley will post 4.8 EPS for the current year.

Morgan Stanley announced that its Board of Directors has initiated a stock repurchase program on Thursday, June 28th that allows the company to repurchase $4.70 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 5.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.54%. Morgan Stanley’s dividend payout ratio is presently 33.33%.

About Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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